TOKYO, Jun 15 (Pulse News Wire) – GMO Pepabo,inc. (3633.T) announced today that its board of directors has approved the dissolution and special liquidation of its subsidiary, CN Corporation.
The decision follows the completion of stock transfers related to GMO QuRieitaazunettowaaku Kabushiki Kaisha. Established in January 2025, CN Corporation operates in Group Kaisha Kanritou and holds a capital of 3,633 thousand yen. As of December 2025, the company had total assets of 32,887 thousand yen and reported a lower net profit of 1,417,214 thousand yen for the fiscal year ending December 2025. Key stakeholders include GMO Internet Group Kabushiki Kaisha with a 786-share holding representing 20.5% percent of outstanding shares, while GMO Pepabo owns 2,935 shares, accounting for 76.6% percent of voting rights.
Additionally, the parent company has loaned CN Corporation 1,450,000 thousand yen. Scheduled milestones for the dissolution process are as follows: - Board resolution: June 15, 2026 - Shareholder meeting approval: June 29, 2026 (tentatively scheduled) - Filing for special liquidation: August 2026 (tentatively scheduled) - Completion of special liquidation: December 2026 (tentatively scheduled) Regarding potential impacts on the 2026 fiscal year results, the company stated that it is currently assessing the situation. As of December 2025, provisions for doubtful debts amounting to ¥1.417 billion thousand yen have been recorded against loans extended to CN Corporation. Any necessary adjustments to earnings forecasts will be communicated promptly.
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